Netflix to raise $2 billion in debt for content investment

This marks the second time this year the company has raised money through debt as the streaming wars intensify.

The company announced intentions to use net proceeds from the debt offering “for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.”

Following a strong quarterly report last week, Netflix CEO Reed Hastings said: “We don’t shy away from taking bold swings if we think the business impact will also be amazing. We don’t close every deal we chase and we don’t chase every deal on the table.”

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